Cardano’s DeFi TVL Surges Amid Whale Accumulation
- Cardano’s total value locked (TVL) in DeFi increased by 28.7% in Q3, reaching its highest level since early 2022.
- The network’s market capitalization rose by 42.5% to $29.5 billion, according to Messari’s latest report.
- Key protocols like Liqwid and Minswap contributed significantly, with Liqwid’s TVL up by over $101 million.
- Whales accumulated a substantial amount of ADA, totaling over $204 million worth between November dates.
- Cardano is now aligned with the ISO 20022 financial messaging standard, enhancing its institutional appeal.
Cardano’s recent growth in the DeFi sector and whale accumulation signal a strong rebound for the ecosystem, despite overall market instability and declining daily active addresses.
The rise in Cardano’s market cap and strategic alignment with global standards highlight its potential for further growth and adoption within institutional frameworks.( Source)
